Deduction under 194j
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 June 2011
Hi Team,
I want to know,
how much would be deduction, if payment is to be maid is just crossed threshold limit.
For Example
for year 2011-12
Threshold limit for 194 j = 30000
and payment to be maid is = 30,500
then tds will be calculated on (30500)*10% or (30500 - 30000)*10%
Thanks in advance
Kumar
I want to know,
how much would be deduction, if payment is to be maid is just crossed threshold limit.
For Example
for year 2011-12
Threshold limit for 194 j = 30000
and payment to be maid is = 30,500
then tds will be calculated on (30500)*10% or (30500 - 30000)*10%
Thanks in advance
Kumar
CMA Ramesh Krishnan
(Expert)
26 June 2011
TDS need to deduct on Rs.30500 x 10%
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